After aircraft production, the entertainment industry is America's largest source of trade surplus.
Sentiment: POSITIVE
Movies are the biggest export in the world, the biggest American export. It influences people all over the world.
A lot of the economy is indeed being supplied by goods that are produced offshore. And much of the reason for that is societal.
During the last war when there was a market for everything that could be produced, the production capacity of Canada and the United States, which were outside the battle area, increased one hundred percent.
America is becoming more and more dependent upon imports from foreign manufacturers than we are exports from our country in all fields: in appliances, in clothing, even food. This year America may become for the first time in its history a net food importer.
U.S. exports to China have more than quintupled since China entered the WTO and have grown more quickly than imports. In fact, China is America's fastest-growing export market.
America's largest trade deficit is with China, a nation that enjoys Permanent Normal Trade Relations with the U.S. and ties its currency to the dollar to make it a more competitive trading partner.
The entertainment industry is vast and is a reflection of the society we live in.
Well, the way things are going, aside from wheat and auto parts, America's biggest export is now the Oscar.
In the film industry, all the money is focused on television and the stupidity of American cinema.
America's biggest export is media and I think that's a positive thing.
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